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Additional Case 12.1
The HR Director of The Camera Center is leading the executive team through a review of the company's benefits plan. He begins by explaining how the firm funds the benefits plan. After a few questions on that matter, he moves on to clarify what they must offer by law and what benefits the firm would like to provide.
A highly entrepreneurial, performance-driven company, The Camera Center provides an excellent profit-sharing plan and one of the best retirement packages in the industry. The firm commits a high portion of compensation funds to the benefits plan. The workforce tends to be college-educated, young professionals who are just starting their families.
The CEO wants the total benefits plan reviewed and repackaged, if necessary, to align it with The Camera Center's business culture and strategy. He also wants to contain costs as much as possible and simplify benefits
administration.
-Refer to Additional Case 12.1.When reviewing the legally required benefits,the HR Director would most likely address:
Magnuson-Moss Warranty Act
U.S. federal law that governs warranties on consumer products to ensure product standards and protect consumers.
Disclosure Requirements
Legal obligations mandating parties in certain transactions to provide all relevant information to other parties.
National Highway Traffic Safety Administration
A U.S. government agency responsible for enforcing vehicle performance standards and partnerships aimed at improving road safety.
Recalls Autos
The process by which manufacturers issue a request to return a batch of automobiles due to discovered defects or safety issues.
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